Weekly Crop Market Review - December 12, 2008

The next weekly will be published on Friday, December 19, 2008
This information is collected by the Statistics and Data Development Unit

WINNIPEG FUTURES (CDN $/TONNE) as of Dec 12/2008
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
BARLEY  -SASK  MAR09     147.90     140.00     147.50      +7.50
        -SASK  MAY09     154.90     152.50     154.90     +10.00
        -SASK  JUL09        N/A        N/A     159.40     +10.00
CANOLA  -SASK  JAN09     395.90     353.40     386.70     +32.60
        -SASK  MAR09     403.00     359.90     393.20     +33.20
        -SASK  MAY09     409.30     367.90     402.10     +33.50

U.S. FUTURES (U.S. $/BUSHEL) as of Dec 12/2008
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
WHEAT   -CBT   MAR09   5.31       4.85       5.13      +0.37 1/2
        -CBT   MAY09   5.41       5.02       5.26      +0.37 1/2
WHEAT   -MINN  MAR09   6.08       5.65       5.90      +0.39
        -MINN  MAY09   6.05       5.64 3/4   5.86 3/4  +0.34
WHEAT   -KANS  MAR09   5.55 1/2   5.14       5.38 1/4  +0.35
        -KANS  MAY09   5.60 1/2   5.27       5.48 1/2  +0.35 1/4
CORN    -CBT   MAR09   3.79 1/2   3.23 1/2   3.73 1/2  +0.64 1/4
        -CBT   MAY09   3.88       3.36       3.84 3/4  +0.65 1/2
OATS    -CBT   MAR09   2.14       2.03       2.13 1/2  +0.14 1/2
        -CBT   MAY09   2.23       2.17 1/2   2.23      +0.14 1/2
SOYBEAN -CBT   JAN09   8.64 1/2   8.11       8.54      +0.70 1/2
        -CBT   MAR09   8.66 1/2   8.12       8.56 1/4  +0.69
        -CBT   MAY09   8.76       8.27       8.65 3/4  +0.71
SOYOIL  -CBT   JAN09      32.05      29.55      30.92      +2.37
(¢/lb)  -CBT   MAR09      32.40      29.95      31.28      +2.35
SOYMEAL -CBT   JAN09     259.50     243.00     257.70     +19.40
($/ton) -CBT   MAR09     258.60     243.80     257.00     +19.20

FEEDMILL BIDS on Dec 08/2008 (Different Delivery Points)
                       THIS WEEK         LAST WEEK
WHEAT -LETH           170.00-190.00    170.00-200.00
      -REDDEER        170.00-178.00    170.00-178.00
      -EDMTN          165.30-183.70    165.00-183.70
OATS  -EDMTN               N/A              N/A
PEAS - EDMTN          176.40-215.00    176.40-191.10
BARLEY-LETH           160.00-178.00    170.00-180.00
      -MH/BRKS        154.00-179.10    160.00-179.10
      -CALGARY        154.00-165.30    165.00-179.10
      -REDDEER        148.00-165.00    160.00-180.00
      -VERM           137.80-142.40    137.80-151.60
      -EDMTN          130.00-165.00    135.50-180.00
      -PEACE R        128.60-137.80    128.60-137.80
CANOLA CRUSHER on Dec 10/2008
      -Meal (FOB)        226.42           224.67
      -Seed (DEL)        374.67           374.16

ELEVATOR BIDS on Dec 12/2008 (Delivered)
                        THIS WEEK        LAST WEEK
FEED WHEAT -Red Deer     154.28           154.78
FEED OATS  -Red Deer      87.55             N/A
FEED BARLEY-Red Deer     139.44           127.38
RYE        -Red Deer     147.25           149.35
FLAXSEED   -Brooks       338.17           372.81
CANOLA     -Red Deer     366.41           327.76

SPECIAL CROP CASH BIDS on Dec 11/2008
                                                    Year Ago
 Basis delivered plant           $/Tonne  $/Bushel  $/Bushel
 PEA GREEN #2 OR BETTER           267.31      7.27      9.46
     FEED                         139.44      3.79      4.91
     LARGE YELLOW #2 OR BETTER    204.66      5.57      8.70
                                              $/Lb      $/Lb
 LENTILS #1 LAIRD                 531.86      0.24      0.25
         #1 ESTON                 504.31      0.23      0.21
 MUSTARD #1 YELLOW                989.32      0.45      0.47
         #1 BROWN                 680.67      0.31      0.35
         #1 ORIENTAL              857.04      0.39      0.24

WORLD AND US CASH MARKETS (CAN $/TONNE) as of Dec 11/2008
                             THIS     LAST    AVG TO   LAST YR     PCT
                             WEEK     WEEK     DATE    AV PRICE    CHG
WHEAT -CWB #1CWRS ST LAW    406.90   402.40   396.47   466.99    -15.1%
      -CWB #1CWRS VANC*       N/A    387.01   405.66   485.04    -16.4%
      -#1DNS GREAT FALLS    295.33   286.12   303.78   374.44    -18.9%
      -#1DNS PORTLAND       339.53   329.56   345.71   402.31    -14.1%
CORN  -#2 CHICAGO           152.02   147.43   186.13   183.26     +1.6%
BARLEY-#2 PORTLAND            N/A      N/A      N/A      N/A      N/A
      -#2FD GREAT FALLS     104.71   129.62   164.84   207.48    -20.6%
      -#2 STOCKTON          277.42   287.41   303.48   299.99     +1.2%
SOYBNS-#1 ILLINOIS          390.52   379.69   435.84   440.20     -1.0%
EXCH RATE Dec 11/2008: US$ in CANADA$ 1.2337  CANADA$ IN US$ 0.8106
* #1CWRS VANCOUVER 13.5% PROTEIN

CANADIAN EXPORTS AND CANOLA CRUSH ('000 TONNES) as of Dec 07/2008
                    WEEK*  CROP YR   LAST YR       PCT    YR END
COMMODITY            #19   TO DATE   TO DATE       CHG  FORECAST
 WHEAT(EXC DUR)    255.6   4,407.0   4,783.3     -7.9%    +12.2%
 DURUM               6.9   1,019.0   1,148.3    -11.3%    +18.3%
 BARLEY             19.2     411.0     991.3    -58.5%    -59.2%
 OATS               15.9     750.9     782.1     -4.0%     -7.0%
 PEAS               45.2     660.4     953.2    -30.7%     +9.0%
 FLAXSEED           31.5     272.1     292.0     -6.8%     +0.2%
 CANOLA-EXPORTS    131.0   2,628.7   1,826.8    +43.9%     +6.0%
 CANOLA-CRUSH       87.1   1,485.7   1,397.3     +6.3%     +8.6%
U.S. EXPORTS ('000 TONNES) as of Dec 04/2008
 WHEAT             342.3  17,031.2  19,976.0    -14.7%    -20.9%
 BARLEY             N/A      214.6     510.4    -58.0%    -51.2%
 CORN              542.1  10,779.9  17,324.3    -37.8%    -26.1%
 SOYBEANS         1105.8  10,744.3   9,459.1    +13.6%     -9.6%
NOPA SOYBEAN Month Ending: Sep 30/2008
 SOYBEAN CRUSH    3276.1   3,276.1   3,805.5    -13.9%     -4.8%
* From Canadian Grain Commission Calendar